To The Moon

AI needs a breather or does it not? 

AI has been a topic which keeps driving the markets and sentiments forward. Now that it has caught everybody's attention and especially wall streets' beliefs, has it propelled companies driving AI too much forward in terms of value or is there still value to be found at these levels?

Again it boils down to time. I believe AI is here to stay but nothing goes up in a straight line. The AI hype has driven sentiments to a level where I believe the next stage is when people start asking if AI is worth the hype itself (Remember the tech and internet hype of the 2000s and where it led to?). So when that realisation sets in, price will correct to a more reasonable level in line with current profit estimates moving forward. And I believe that will be the time to cherry pick companies which are the real deal behind AI.

My choice? Well my choices have been quite clear from way before the AI hype even started when I started to talk about AI way before (You can check my earlier articles!). So I still believe AI will drive the new economy forwards. 

And I believe the companies doing that will be those like Nvidia, AMD, Super Micro, Micron, Marvell and the likes. However, I believe better prices are ahead and I am conserving cash when people start doubting AI again. 

Disclaimer: Please kindly do your own due diligence as this is a sharing article and in no means financial advise. I am just sharing my opinions and thoughts.

Thanks for reading my commentary. Hope it helps!

Stay safe! 😊

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